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Apple Pay, as Tim Cook told us during Apple’s earning call on Tuesday, is already posting some pretty impressive usage numbers.
Apple Pay makes up more than $2 out of $3 spent on purchases using contactless payment across the three major U.S. card networks.
Panera Bread tells us Apple Pay represents nearly 80% of their mobile payment transactions, and since the launch of Apple Pay, Whole Foods Market had seen mobile payments increased by more than 400%
On the surface of things, these are astounding numbers. Apple’s mobile payment system, which enables both in-app and contactless point of sale payments, has only been around a few months. Has it succeeded where others, most notably Google Wallet failed? Read more...
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